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His absence leaves a considerable gap, intensifying the focus on succession, particularly given that he did not have any children.
Discussions are currently underway regarding the future leadership of the Tata Group, with several notable figures being evaluated as potential successors. It is worth examining some of the names emerging as strong candidates for this important role.
The Trusts, which are the largest public charitable foundations in India and the primary owners of the $165 billion Tata Group, will need to appoint a new chairman from among the trustees, as Tata did not name a successor.
Currently, the Tata Group is under the leadership of N Chandrasekaran, who has been the Chairman of Tata Sons since 2017. Prior to this, he was the CEO of Tata Consultancy Services (TCS), where he significantly contributed to the company’s global growth and success.
Chandrasekaran has played a crucial role in steering the organization through challenging times in recent years.
The Tata family is also presenting potential candidates for leadership. Noel Tata, aged 67, stands out as a significant contender for the chairmanship of Tata Trusts following Ratan Tata’s passing. He is the son of Naval H. Tata and Simone N. Tata, and he is related to Ratan Tata as his half-brother.
Noel’s most recent role was as the Managing Director of Tata International Limited, which is the trading and distribution arm of the Tata Group.
Before his tenure at Tata International, Noel Tata held the position of Managing Director at Trent Limited, where he played a crucial role in the company’s development, guiding its growth from a single store in 1998 to over 700 stores today.
In contrast, Ratan’s younger brother, Jimmy Tata, has opted for a more private life, avoiding public attention. Despite holding significant shares in major Tata companies like Tata Motors, Tata Steel, and TCS, Jimmy resides in a modest 2BHK apartment in Colaba, Mumbai.
There is growing interest in the next generation, particularly Noel Tata’s children, who are expected to assume leadership positions within the Tata family.
Leah Tata, the eldest currently holds the position of Vice President at The Indian Hotels Company Limited (IHCL), the group’s hospitality division.
Maya Tata, the middle sibling, began her professional journey at Tata Capital as an analyst. Neville Tata, the youngest, launched his career at Trent, the retail firm founded by his father. With a strong affinity for the group’s retail operations, Neville’s trajectory within the company is being closely monitored by industry experts.
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